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CommonCents 101
A Micro-Finance & Banking Software


 




Click image to view a screen

 

PRODUCT DESCRIPTION:

User-Friendly and A True MicroFinance Software

CommonCents 101 Micro Finance and Banking Software is a window-based, menu-driven, diagram-button-driven  and icon-driven  system designed initially for Micro-Finance Institutions (MFIs) with Grameen and/or  ASA methodologies. It is highly differentiated from a banking software because it is powered by modules and reports which facilitate and monitor group transactions but also take considerations of transactions by individual clients. CommonCents 101 is a 3-in-1 software because it highly integrates the Loan Tracking System, the Savings System, and the General Ledger  System. This integration eliminates data-entry redundancy and makes data in the three areas consistent. This means that every transaction done in the Loan Tracking and/or Savings Modules has a corresponding journalized entry in the Financial System. This also means that savings transaction may also be integrated during loan transactions (ex. Release, Payment and Adjustment).  Through its years of usage and operations, banking modules and reports have been  added to the software which makes the system functional for banks with simple operations. Additional banking features and reports are continuously added  and enhanced to answer the growing information and reportorial requirements of banks with relatively more-advanced operations.

Dynamic Software

CommonCents 101 Software is a software that can be easily upgraded because it uses Object-Oriented Programming (OOP) and N-Tier Architecture  in its design and development. (You may view the CommonCents 101 n-Tier diagram). In some degree, it adapts the Service Oriented Architecture (SOA) because it uses reusable classes (tiers or services). It also uses data classes and forms produced by CENTECH's VB6 Form and DataClass Generator. The software is coded using Visual Basic 6.0 and uses  Crystal Report 8.0 as its report designer.

Scalable Database

The data of the CommonCents 101 software can either be stored in MS Access 2000 or  MS SQL Server 2000 databases. This advanced IT methodology  makes future enhancement relatively easy and fast. Futhermore, client-partners will have no problem in the future if they decides to upgrade their database to a higher level or version.  

Tested and Reliable Software

CommonCents 101 Software started its development early of 2002 and modules and reports are continuously added/enhanced based on the suggestions of current  client-partners. The system is now currently used by big MFIs and bank nationwide with a total of sixty (60) branch- installations across regions. CommonCents101 software has also been shown and demonstrated to some MFIs and Banks IT personnel through some software-demostrations activities sponsored by Funders and MFI networks (e.q. Philnet, Visayas PEF). It has also been shown to  funder’s IT personnel (e.q. PCFC, Philippine CGAP MIS consultant)  for comments and suggestions.   

Capable and Competent Software Designer and Technical Support

CommonCents 101 software is designed and developed by CEN Systems and Technologies (CENTECH) Corp who has highly competent and experienced Information Technology (IT) professionals. The technical team is headed by Carlo B. Sicad --The chief software architect—who has 18 years of IT experience and 4 years of MicroFinance IT experience. He has developed many application software for NGOs and most of them were Financial Systems. He is also the Chief developer of RMG-MIS—a micro-finance software developed last 2001 for MFI clients of People Credit Finance Corp (PCFC)-- which was funded by ADB.

 

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